Thursday, 28 June 2018

Oil prices spike 13% in a week. What the heck is going on?

The oil market is once again on fire, with crude spiking on Thursday above $74 a barrel for the first time since late 2014.
CNNMoney Markets Now
 
Dow Nasdaq S&P
+98.46   +58.60   +16.68
24,216.05   7,503.68   2,716.31
+0.41%   +0.79%   +0.62%
YTD -2.04%   YTD +8.70%   YTD +1.60%
 
Biggest Winners
McCormick & Company Inc +8.40%
 
Accenture PLC +5.90%
 
SCANA Corp +4.65%
 
Nektar Therapeutics +4.22%
Biggest Losers
Walgreens Boots Alliance Inc -9.90%
 
Chipotle Mexican Grill Inc -6.32%
 
McKesson Corp -6.12%
 
CVS Health Corp -6.10%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $73.25 +0.49 / +0.67%
Gold $1,249.10 -7.00 / -0.56%
10-yr 2.85% +0.02 / +0.71%
Euro $1.16 +0.00 / +0.01%
News: What you need to know about the markets
 
 
Oil prices spike 13% in a week. What the heck is going on?
The oil market is once again on fire, with crude spiking on Thursday above $74 a barrel for the first time since late 2014. Read more »
 
Deutsche Bank flunks Fed stress test; 3 other banks get flagged
Deutsche Bank was the only major financial institution to fail the Federal Reserve's annual stress text exam, dealing another blow to Germany's largest lender. Read more »
 
Amazon buys online pharmacy PillPack
In another move that could possibly disrupt the world of retail, Amazon is buying PillPack -- a pharmacy that delivers medications to the home. Read more »
 
Hedge fund billionaire to Murdoch: Give Comcast a chance
Christopher Hohn, whose funds control about 7% of 21st Century Fox shares, wants Rupert Murdoch to give Comcast another look. Read more »
 
Growing pains across America's biggest oilfield
The Permian Basin, arguably the most important oilfield in the world, is growing so fast that it hurts. Read more »
 
Why fast food chains sell Frankenfood
Dunkin Donut's 'fries' are the latest fast food gimmick. But companies like Burger King and Taco Bell have found success by putting wacky things on their menu. Read more »
 
 
 
 
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